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Managing Slowdown Clauses During Subcontractor Performance Breakout Session #: F17 Presented by: Jim Killing, CPC, CFCM, Fellowman: July 25, 2017, Time: 4:00 5:15 p.m.1Agenda Welcome! Goal for Today

How to fill out managing flowdown clauses

How to fill out managing flowdown clauses

1. Start by reviewing the contractual requirements and flowdown clauses provided by the main contractor or client.
2. Identify the specific flowdown clauses that need to be included in the managed contracts or subcontracts.
3. Understand the intent and purpose of each flowdown clause to ensure appropriate implementation.
4. Communicate with the legal and contract management teams to clarify any uncertainties regarding the flowdown clauses.
5. Create a template or checklist to ensure consistency in including the required flowdown clauses.
6. Review each managed contract or subcontract and fill out the appropriate flowdown clauses as per the template or checklist.
7. Seek approval or confirmation from the legal or contract management teams before finalizing the contracts or subcontracts.
8. Keep a record of all the flowdown clauses included in each managed contract or subcontract for future reference and compliance purposes.

Who needs managing flowdown clauses?

1. Managing flowdown clauses is required by contractors or subcontractors who are involved in downstream contracts and agreements.
2. It is especially important in industries like construction, manufacturing, and defense where there are multiple tiers of suppliers and subcontractors.
3. Government contractors and those working on federally funded projects may also have specific flowdown clause requirements.
4. Companies with risk management and compliance policies might also enforce the inclusion of flowdown clauses to mitigate potential risks and ensure adherence to regulatory requirements.

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What is managing flowdown clauses?

Managing flowdown clauses involve the process of ensuring that lower-tier contractors and sub-contractors comply with the terms and conditions set by higher-tier contractors or the primary contractor.

Who is required to file managing flowdown clauses?

The primary contractor or higher-tier contractor is primarily responsible for filing managing flowdown clauses.

How to fill out managing flowdown clauses?

Managing flowdown clauses must be filled out by detailing the specific terms and conditions that lower-tier contractors must adhere to.

What is the purpose of managing flowdown clauses?

The purpose of managing flowdown clauses is to ensure that all parties involved in a contract fulfill their obligations and responsibilities.

What information must be reported on managing flowdown clauses?

Information such as contract terms, delivery schedules, quality standards, and compliance requirements must be reported on managing flowdown clauses.